MERCHANDISE EXPORT PERFORMANCE *
September 2010
( Preliminary )

* Includes transactions that passed through Automated Export Documentation System (AEDS).
p - preliminary
r - revised

MERCHANDISE EXPORTS FOR SEPTEMBER 2010 UP BY 46.1 PERCENT

Total earnings for merchandise export in September 2010 amounted to $5.314 billion, higher by 46.1 percent from it's year ago level of $3.638 billion. Compared to previous month level, it recorded an increase of 11.7 percent from $4.759 billion posted in August 2010. Meanwhile, aggregate merchandise exports for the period January to September 2010 increased by 38.5 percent to $38.298 billion from $27.649 billion registered during the same nine - month period in 2009.

ELECTRONIC PRODUCTS INCREASED BY 54.6 PERCENT

Accounting for 65.5 percent of the total export revenue in September 2010, Electronic Products was the country�s top export with total receipts of $3.478 billion. It improved by 54.6 percent from $2.250 billion posted in September 2009. Components/Devices (Semiconductors) which comprised 54.6 percent of the total exports, had the biggest share from among the major groups of electronic products with export earnings amounting to $2.904 billion or an annual growth of 80.6 percent. Electronic Products also increased month-on-month by 16.4 percent from $2.989 billion in August 2010.

Articles of Apparel and Clothing Accessories followed as the second top earner in September 2010 with total export receipts of $146.59 million or a share of 2.8 percent to the total export revenue. It grew by 27.9 percent from $114.62 million recorded in September 2009.

Woodcrafts and Furniture which comprised 2.1 percent share of total exports in September 2010 emerged as RP�s third top gainer with revenue valued at $113.66 million, an increase of 28.4 percent from $88.53 million recorded during the same month in 2009.

Ranked fourth in September 2010 and contributing 1.8 percent to the total export receipts was Coconut Oil (including crude and refined) with revenue amounting to $97.78 million. This value was up by 50.0 percent from its year ago level of $65.18 million.

Other Products Manufactured from Materials Imported on Consignment Basis with 1.8 percent share to the total export receipts ranked fifth with value posted at $97.49 million or a 54.5 percent increase from $63.10 million registered in September 2009.

Rounding up the list of the top ten exports for the month of September 2010 were Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships (consisting only of electrical wiring harness for motor vehicles) with export revenue of $94.82 million increased by 18.4 percent; Cathodes & Sections of Cathodes of Refined Copper with export earnings of $80.78 million and registering the highest increase among the top ten exports accelerated by 233.3 percent; Metal Components (excluding brakes and servo - brakes) with export receipts of $53.23 million and grew by 4.5 percent; Copper Concentrates recorded sales amounting to $39.12 million expanded by 201.5 percent; and Tuna (includes fresh, frozen, prepared or preserved in airtight containers) with proceeds billed at $31.42 million and posted a growth of 45.0 percent.

Total receipts from the top ten exports reached $4.233 billion, or 79.7 percent of the total exports.

Fig. 1 Philippine Top Five Exports: September 2010 and 2009
(F.O.B. Value in Million US Dollars)
 

EXPORTS OF MANUFACTURED GOODS STOOD AT $4.706 BILLION

Accounting for 88.6 percent of the total export receipts, outward shipments of Manufactured Goods in September 2010 reached $4.706 billion or a 47.7 percent increase from $3.186 billion recorded in the same period a year earlier. Month-on-month, it rose by 12.9 percent from $4.167 billion recorded in August 2010.

Income from Total Agro-Based Products comprising 4.6 percent of the total exports revenue in September 2010 expanded by 23.8 percent to $241.62 million from $195.13 million in September 2009. Compared to its previous month level, it went down by 19.1 percent from $298.58 million recorded in August 2010.

Earnings from Mineral Products with a share of 3.9 percent in September 2010 reached $208.11 million. It increased by 129.9 percent from $90.52 million in September 2009. Similarly, export receipts from Special Transactions reflecting 2.5 percent share was down by 0.4 percent from $135.48 million in September 2009 to $134.88 million in September 2010.

Petroleum Products accounting for 0.4 percent share of the total exports revenue declined by 22.2 percent from $28.16 million in September 2009 to $21.92 million in September 2010. Forest Products with less than 0.1 percent share of the total exports on the other hand, lowered by 9.0 percent from $2.17 million in September 2009 to $1.97 million in September 2010.

Fig. 2 Philippine Exports by Commodity Group: September 2010 and 2009
(F.O.B. Value in Million US Dollars)

EXPORTS TO SINGAPORE ACCOUNTED FOR 24.2 PERCENT

Singapore comprising 24.2 percent of the total exports for September 2010 emerged as the country�s top destination of exports for September 2010 with revenue amounting to $1.283 billion. It was higher by 478.6 percent from $221.83 million recorded a year ago.

Japan including Okinawa followed as the second top market of the country for September 2010 with export earnings of $765.85 million or 14.4 percent share of the total exports. The amount increased by 25.2 percent from $611.70 million reported a year earlier.

People�s Republic of China representing a 12.6 percent of the total exports came in third with shipments amounting to $669.74 million. Compared to its September 2009 level, the amount increased by 296.1 percent from $169.08 million.

United States of America (USA) including Alaska and Hawaii ranked fourth in September 2010 with $558.68 million or 10.5 percent share of the total exports, contracted by 13.9 percent from it�s September 2009 level of $648.96 million.

Fifth in rank and accounting for 7.2 percent share of the total exports was Hong Kong with export earnings worth $383.99 million or a decrease of 15.3 percent from $453.40 million posted in September 2009.

Other top ten markets for September 2010 were Taiwan, $201.59 million; Netherlands, $192.00 million; Republic of Korea, $189.04 million; Thailand, $168.71 million; and Germany, $155.57 million.

Total export receipts from RP�s top ten markets for the month of September 2010 amounted to $4.569 billion or 86.0 percent of the total.

 Fig. 3 Philippine Top Exports by Country: September 2010

(F.O.B. Value in Million US Dollars)

EXPORTS FROM EASTERN ASIA WORTH $2.212 BILLION

Philippines total exports in September 2010 to Eastern Asia accounted for 41.6 percent of the county�s total exports. It amounted to $2.211 billion or an increase of 45.7 percent from it�s September 2009 level of $1.518 billion.

Exports to ASEAN member-countries representing 31.0 percent share of the total exports in September 2010 worth $1.645 billion, an annual positive growth of 213.8 percent from $524.07 million recorded in September 2009.

September 2010 total exports to European Union (EU) with a 10.5 percent contribution to total exports were valued at $557.33 million. It declined by 27.0 percent from $763.04 million registered in September2009.

Fig. 4 Philippine Exports by Selected Economic Bloc: September 2010 & 2009
(F.O.B. Value in Million US Dollars)

Notes:

^1/ - includes China, Hong Kong, Japan, Macau, Mongolia, N, Korea, S. Korea, Taiwan

²/ - includes Brunei Darusalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Singapore, Thailand, Vietnam

^3/ - includes Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Latvia, and UK Great Britain & N. Ireland

Technical Note:

Starting with the January 2007 Press Release, analysis and tables are based on the 2004 Philippine Standard Commodity Classification (PSCC) groupings (as amended in 1999). This is in compliance with NSCB Resolution No. 03, Series of 2005 entitled "Approving and Adopting the 2004 Philippine Standard Commodity Classification" by all concerned government agencies and instrumentalities.

(Sgd.) CARMELITA N. ERICTA
Administrator

Source: Foreign Trade Statistics Section
             Industry and Trade Statistics Department
             National Statistics Office
             Manila, Philippines